Thanks for your analysis HeliosUK - it's very helpful. I'm...

Thanks for your analysis HeliosUK - it's very helpful.

I'm curious, why do you see that 500koz would be a good result if the asset was worth 12.5m, given that it would cost a significant amount in drilling to step out that resource?

Is it because the blue sky case would attract such a higher upside? Like maybe a value of $100 JORC resource value for a value of 200m or something?

Have you had a chance to look at the copper Bundara work they have done so far? I'd be curious to know what your thinking is there. My back of the envelope calculations tells me it's not yet viable.

https://docs.google.com/spreadsheets/d/1dV91FLfmpzzGsCGHSPPBVByApjuYNwoYcDRqwn3prYA/edit?usp=sharing